Following the collapse of the world economy triggered by the sub-prime crisis; European countries emerged in the international market as potential targets for investments. The European and English currencies lost much of their relative value against the US currency making them more affordable to foreign investors. With this unique economic situation in mind, investors from around the world have found a new home: Europe.
One European country that is an obvious spot for investment is Spain. The ultimately dry climate plus all year round sunshine are great for sporting and other outdoor activities. Buying a property in Spain is indeed a sound idea as the prices locally fell sharply and even more so relatively to the US dollars. Spain also has benefited from a large growth for the last 10 years thus has good infrastructure and will offer great returns when the economy rebounds. Great bargains can be found where prices have dropped and demand for great holiday lets will un-doubtfully pick up when the European economies recovers and tourists flood again to the warm and sunny Spain.
United Kingdom and more specifically England may also offer great opportunities for wise property investors. Property prices have started to pick up in 2010 as the local economy started a small recovery. Supply of properties is still low as builders delayed new projects due to lack of funding from struggling banks and historically strong demand for new properties is preventing the price from falling. Assuming that the economy recovers in 2011 prices will rapidly rise again; savvy property buyers should actively seek to invest while prices are still rising slowly.
